NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Why One Analyst Sees Litecoin (LTC) Surging 47% Despite the Crypto Markets Remaining Gloomy

Cole Petersen
Cole Petersen
6 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

After exiting an involatile weekend, the overall crypto markets are experiencing a mixed trading session, with most cryptocurrencies trading up or down marginally. Despite the markets not looking overwhelmingly positive from a technical standpoint, many analysts are expressing an increasingly bullish sentiment regarding Litecoin.

This bullish sentiment towards LTC may stem from a combination of technical strength and its recently announced Confidential Transaction feature that may be implemented sometime later this year.

Crypto Markets Trade Mixed as Bitcoin Trades Flat

At the time of writing, Bitcoin is trading sideways at its current price of $3,470. Over the past week, BTC has ranged between $3,400 and $3,500, and has failed to break through either of these levels.

This bout of sideways trading has led most cryptocurrencies to only move slightly, with most major cryptos trading up or down under 1%.

Ripple (XRP) is trading down nominally today at its current price of $0.302. XRP appears to have found some support at the $0.30 level, but its historical level of strong support remains around $0.28.

Ethereum has climbed slightly today and is currently trading at $108. Because ETH has been able to hold steady above $100 despite the recent market volatility, some analysts see it as being potentially bullish in the short-term.

In a recent tweet from The Crypto Dog, a popular cryptocurrency analyst on Twitter, he concisely said that he sees ETH incurring some gains in the coming weeks.

https://twitter.com/TheCryptoDog/status/1091855129173770241

Analysts Concur that Litecoin is Looking Bullish

Although the overall crypto markets are currently showing few signs of technical or fundamental bullishness, analysts seem to agree that Litecoin (LTC) could see a price surge in the near-future.

At the time of writing, Litecoin is trading up 2% at its current price of $34. LTC is currently up over 10% from its seven-day lows of $30, and is only down slightly from its weekly highs of just under $35.

DonAlt, a popular cryptocurrency analyst on Twitter, recently noted that Litecoin’s chart looks bullish despite the cryptocurrency currently pushing up against a resistance level.

“$LTC There she goes… One more resistance to break and then the sky will be clear… I’m rarely ultra bullish at resistance but when the chart looks that nice it’s the way to go,” he said.

$LTC

There she goes.
One more resistance to break and then the sky will be clear.
I'm rarely ultra bullish at resistance but when the chart looks that nice it's the way to go. pic.twitter.com/ZaulAblvdT

— DonAlt (@CryptoDonAlt) February 2, 2019

This same sentiment is echoed by Moon Overlord, another popular cryptocurrency trader on Twitter, who noted that LTC could surge as high as $50 over a higher time frame, which would mark a 47% increase from its current price levels.

“Targeting around $50 for $LTC | $LTCUSD on high TFs,” he bullishly stated.

https://twitter.com/MoonOverlord/status/1092137649563947009

One factor that could contribute to a surge in Litecoin’s price could be the Confidential Transactions feature that the LTC team is currently working to add to the cryptocurrency, which would increase the its privacy and fungibility.

Charlie Lee, the creator of Litecoin, discussed this is in a recent tweet, saying:

“Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy… I am now focused on making Litecoin more fungible by adding Confidential Transactions.”

Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy.

I am now focused on making Litecoin more fungible by adding Confidential Transactions. 🚀

— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) January 28, 2019

Although the overall crypto markets have been offering very few opportunities to traders in recent times, the bullish potential of LTC signals that there still exists a plethora of lucrative trading opportunities for cryptocurrency investors.

Featured image from Shutterstock.
Tweet123Share233ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum at Risk? Whale Activity and On-Chain Signals Hint at Further Correction

Ethereum Wave Count Predicts Price Crash To $1,800 — But $6,000 Is Still In Play

Ethereum is still struggling below $3,000 despite the Bitcoin price sitting close to all-time highs. At the current levels, Ethereum...

Scott Matherson 5 hours ago
BTC, Bitcoin

Bitcoin Near Historic Weekly Close Despite Drop – Analyst Warns Of Volatile Weekend

As the market sees a Friday retrace, Bitcoin (BTC) is attempting to reclaim a crucial area as support. An analyst...

Rubmar Garcia 6 hours ago
ethereum

Ethereum Approaches Wyckoff ‘Liftoff’ Phase – Can ETH Reach A New High?

Ethereum (ETH) is up 4.2% over the past seven days, trading in the mid-$2,500 range at the time of writing....

Ash Tiwari 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Chainlink price

Chainlink Price Continues To Struggle Below $15 — Levels To Watch

Opeyemi Sule 2 hours ago
Solana Tests Rising Channel Support – Breakdown Could Send Price To $128.50 Level

Solana Tests Rising Channel Support – Breakdown Could Send Price To $128.50 Level

Sebastian Villafuerte 3 hours ago

比特幣ETF年化收益超越標普500 7月最值得買入預售項目錯過升10倍肯定後悔 

Kelvin Lee 3 hours ago

Premium Sponsors

Press Releases

  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    4 hours ago
  • $AIN Expands to 7 DEXs as AI Network Activates Omnichain AI...

    5 hours ago
  • 仮想通プレセール注目:リップルが米銀行ライセンスを申請、機関投資家の関心が急上昇中

    ...

    22 hours ago
  • 仮想通貨おすすめ:話題の新トークンがプレセール開始直後に15万ドルを調達

    ...

    22 hours ago
  • 新しい仮想通貨:ソラナ系取引ボットが話題のプレセールで150万ドル調達、次の100倍候補か?

    ...

    22 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.